Defined Asset Funds
Select Ten Performance Summary
Time in the Market
Average Annual Total Returns through 12/31/95: Strategy Stocks, DJIA and S&P
500 (dividends reinvested at year-end).
3 year 5 year 10 year 15 year
Strategy Stocks 21.63% 21.06% 18.21% 19.08%
Dow Jones Industrial
Average(1) 18.69% 17.33% 16.34% 16.04%
S&P 500(2) 15.16% 16.50% 14.79% 14.62%
20 year 25 year
Strategy Stocks 17.72% 17.04%
Dow Jones Industrial
Average 14.00% 12.05%
S&P 500 14.37% 12.03%
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(1) Dow Jones & Company, Inc., owner of the name "Dow Jones Industrial
Average," is unaffiliated with and did not participate in the creation of
the Portfolio or the selection of its stocks, and has neither reviewed or
approved any information in the prospectus relating to the Portfolio.
(2) "S&P 500" is a trademark of Standard & Poor's Corporation.
[Mountain graph entitled "Potential Growth of $10,000 invested in 1971
through 6/30/96" compares the cumulative performance from 1971 to 6/30/96
of the Strategy Stocks (blue), the Dow Jones Industrial Average (pink) and
the S&P 500 (green). A box in the upper left quadrant indicated the
components. The x axis reflects dollar amounts and the y axis reflects
years. The initial value of each is $10,000 and the ending values are
$568,299 (Strategy); $192,161 (Dow Jones Industrial Average); and $188,326
(S&P 500).]
Timing the Market
Annual Total Returns (Periods ending December 31)
1971 1972 1973 1974
Strategy Stocks 2.47% 23.26% -1.02% -0.31%
Dow Jones Industrial
Average 9.79% 18.21% -13.12% -23.14%
S&P 500 14.31% 18.98% -14.66% -26.47%
1975 1976 1977 1978
Strategy Stocks 57.02% 34.81% -0.83% 0.16%
Dow Jones Industrial
Average 44.40% 22.72% -12.71% 2.69%
S&P 500 36.92% 23.53% -7.19% 6.39%
1979 1980 1981 1982
Strategy Stocks 12.35% 26.37% 7.47% 25.46%
Dow Jones Industrial
Average 10.52% 21.41% -3.40% 25.79%
S&P 500 18.02% 31.50% -4.83% 20.26%
1983 1984 1985 1986
Strategy Stocks 38.46% 7.34% 28.63% 34.57%
Dow Jones Industrial
Average 25.68% 1.06% 32.78% 26.91%
S&P 500 22.27% 5.95% 31.43% 18.37%
1987 1988 1989 1990
Strategy Stocks 6.97% 21.50% 27.30% -7.94%
Dow Jones Industrial
Average 6.02% 15.95% 31.71% -0.57%
S&P 500 5.67% 16.58% 31.11% -3.20%
1991 1992 1993 1994
Strategy Stocks 33.37% 8.32% 26.92% 3.89%
Dow Jones Industrial
Average 23.93% 7.34% 16.72% 4.95%
S&P 500 30.51% 7.67% 9.97% 1.30%
1995 6/30/96
Strategy Stocks 36.48% 11.21%
Dow Jones Industrial
Average 36.48% 11.72%
S&P 500 37.10% 10.00%
Notes:
The data above represents past performance and there is no guarantee of future
results of Strategy Stocks or any Select Ten Portfolio. The figures compare
hypothetical performance of the Select Ten Strategy Stocks (not any actual
Portfolio) with the actual performance of the Dow Jones Industrial Average and
the S&P 500 Composite Stock Price Index. The figures do not reflect sales
charges, commissions, expenses or taxes. Portfolio performance will differ
from the Strategy Stocks because the Portfolio has sales charges and pays
brokerage commissions and other expenses among other reasons. Annual total
returns represent price changes plus dividends distributed. Average annual
total returns and the chart show dividends reinvested at each year end.
If fund sales charges and expenses are deducted, the Strategy Stocks would
have outperformed the Dow Jones Industrial Average and the S&P 500 index 14
out of the last 25 years.
For more complete information about the latest Equity Income Fund Select Ten
Portfolio, including sales charge and expenses, ask your financial
professional for a free prospectus. Read it carefully before you invest.
This summary is not authorized for distribution unless accompanied by a
current Select Ten Brochure which includes past Portfolio performance.
Merrill Lynch
